Identify and compute its 2016 net operating assets.

Compute its 2015 return on net operating assets (RNOA) Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset tunover (NCAT). Confirm that RNOA = NOPM NOAT ldentify and Compute Net Operating Assets Following is the balance sheet for Lowe's Companies Inc. Identify and compute its 2016 net operating assets (NOA) LOWE'S COMPANIES INC Consolidated Balance Sheets millions, except par value urrent assets Cash and cash equivalents Short-term investments Merchandise inventory-net Jan. 29, 2016 Jan. 30, 2015 $ 405 307 9,458 391 10,561 19,577 . . . . S 466 125 8,911 349 9,851 20,034 ong-term investments Other assets Total assets. 241 665 $31,266 1,349 $31,721 Current liabilities Short-term borrowings 552 5,124 1,061 5,633 820 1,078 1,857 10,492 11,545 729 Accounts payable... ccrued compensation and employee benefits Deferred revenue... Other current liabilities 979 1,920 9,348 10,806 730 869 21.753 Total current liabilities Long-term debt, excluding current maturities.. . Deferred revenue-extended protection plans Other liabilities Total liabilities 23,612 Shareholders' equity Preferred stock-$5 par value, none issued Common stock-$0.50 par value; shares issued and outstanding 910 at January 29, 2016 and 960 at January 30, 2015, 455 480 respectively.. Capital in excess of par value Retained earnings Accumulated other comprehensive loss 9,591 (103) 9,968 $31,721 7,593 (394) 7,654 Total shareholders' equity